(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit staff in the United States, a source familiar with the matter said on Monday.
In addition to KPMG, Ernst & Young, Deloitte and PricewaterhouseCoopers form the Big Four of accounting firms.
“The actions reflect our continued focus on aligning the size, shape and skills of our workforce with the market, while addressing persistently low turnover,” a KPMG spokesperson said in an emailed statement.
KPMG has a presence in “more than 143 countries and territories with more than 273,000 partners and employees.”
The accounting firm planned to cut around 100 jobs in its deal advisory business in Britain, a source told Reuters in October 2023.
In June last year, KPMG also announced layoffs that would affect 5% of its U.S. employees after feeling the brunt of “economic headwinds coupled with historically low turnover,” a spokesman for the accounting firm had said.
(Reporting by Saeed Azhar in New York and Jaspreet Singh in Bengaluru; Editing by Anil D’Silva and Maju Samuel)
